Angola Weekly

Dear subscriber [name],

Here is this last week’s Angola Weekly.

Highlights:

  • At the Monetary Policy Comittee meeting held last Monday, the BNA decided to change some of its monetary policy instruments in order to face short term inflationary pressures on the Angolan economy;

  • Net International Reserves (NIR) fell by USD 271 million in March - to USD 8.38Bn;

  • In the first 3 months of the year, the Kwanza appreciated 4% against the Dollar and 8.7% against the Euro;

  • The Organization of Petroleum Exporting Countries and their allies (OPEC+) decided last Thursday to gradually increase oil production starting in May.



Best regards,
BFA


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